Home Equity Loan vs. Debt Consolidation


Home Equity Loan: 2nd. Mortgages, Variable - Fix Rates
 

Mortgages by Funds2Go
THINKING ABOUT GETTING A HOME EQUITY LOAN?

Financial Solutions to Meet Your Needs

Once you’ve built up some equity in your home, we can help you use it effectively. Whether you want to increase the value of your home, make good investments or improve your lifestyle, now or later in life.

A home equity loan is a type of second mortgage. Your “first” mortgage is the one you used to purchase your home, but you can add other loans to borrow against the property if you have built up equity. Funds2Go can advice you.

Home Equity Loan for Debit Consolidation

If you have a high debt load of credit card debt, car debt, etc., your home equity can bring you some relief. Unsecured debts like these typically carry high interest rates. By consolidating your debt using your home equity, you can reduce your monthly payments by as much as 2/3rds.

Home Equity Line of Credit (HELOC)

You get that money as needed. Pay interest only on the amount that you withdraw. HELOCs are appropriate for uses that require payments over a time period, such as college tuition or home improvements or to start your own business or down payment for investment property.

Home Equity Loan Home (HEL)

A home equity loan is usually the better option for debt consolidation. It involves getting a 2nd. mortgage using your home equity. Borrow lump sum. HELs usually work better in a situation where you need the money all at once, such as with debt consolidation.

Refinancing Options to Help You Save

Switch and Save

If you’re looking for a better deal on your home loan, consider talking to Funds2Go. We’ll take the time to understand your financial needs and take you through your options. Whether you require a simple, low fee home loan or a more complex loan that lets you take advantage of additional investment opportunities, we can help.

 

Funds2Go Inc.:  (FSCO#xxxx) a Toronto based mortgage brokerage company doing conventional bank approved mortgages & bank alternative financing aka. private lenders.

Rosmount Capital Funding Inc.:   (FSCO#12397) a private lender.  specializing in construction loans, 1st /2nd home equity, bad credit financing, short term bridge loans.

 

Bad Credit Loans – Get one Today

Given many varieties of home equity products, it can be difficult to decide which option is best, so the thing to do is contacting accredited brokers like (Funds2Go /Rosmount Capital Funding) who can help you navigate these complicated waters.

They can help small business owners or people with debt consolidation borrowing against the value of their homes.

 

The Bottom Line On Home Equity Lines
But, according to experts I’ve interviewed, there may be better alternatives, such as a home equity loan or — if you’re 62 or older — a reverse mortgage. “The decision boils down to what is the purpose of the borrowing,” says Greg McBride, chief

Home-Equity Loan Definition | Investopedia
A home-equity loan is basically a line of credit secured by your home. When the line of credit is drawn down, the financial institution providing it places a second mortgage loan on your home until the loan is paid off, after which the you can use …

Important: Factors to Consider

Finding & getting the best Home Equity Loan rates and terms is paramount but Rates are not the only factor when shopping for a home equity loan.
Home Owner has numerous ways to access the equity in his/her home –

  • *** a home equity line of credit (HELOC) -if you don’t need a lump sum right away
  • *** a home equity second mortgages -For a major expense or to consolidate multiple debts

The kind of home equity loan you use depends on your circumstances. Talk to Funds2Go – we will guide and advice you.

 

Types of Loans

  • Red-Arrow-Pointer Home Purchase (1st. & 2nd. Mortgages)
  • Red-Arrow-Pointer Home Refinance Loan /Bad Credit Mortgage Refinance
  • Red-Arrow-Pointer Home Equity Loan / Line of Credit /Bad Credit Home Equity Loan
  • Red-Arrow-Pointer Bad Credit / Past Bankruptcy / New Immigrant – no problem!
  • Red-Arrow-Pointer Power of Sale and Pre-Foreclosure Loan
  • Red-Arrow-Pointer Construction Loan / Bad Credit Construction Loan
  • Red-Arrow-Pointer Short Term Bridge Financing /Interest only Loans  and more….

 


Mortgages by Funds2Go

Residential Mortgages | Home Equity | Debit Consolidation talk to Funds2Go?

What’s Crackin’?

must_use_ShantaeDance4Fund2Go is a mortgage brokerage, that does regular Bank financing. We specialize in Bank Alternative Hard Money Private Lending.

Our mortgage brokers understand the importance that comes new loan application, that’s why they will help remove the worry and hassle, whilst providing continual support and guidelines throughout the whole process.

 

Request Your Free Consultation

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Complete a simple, secure online request and we will contact you.

 

CALL – RIGHT NOW

Office Tel: 416.900.8787

Ashton Ward @ 416.953.8920

Hannif Highclass @ 416.444.4252